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Tag Archives: Euro Working Group

Creditors make it clear: No debt relief for Greece before 2018

Creditors have cooled down Greece that has been awaiting for debt relief measures. “Greece has done its bit, now it wants debt relief,” Prime Minister Alexis Tsipras said on Thursday, two days after the agreement with creditors on additional measures 3.6 billion euros for 2019 and 2020. However, the country’s …

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Creditors want permanent austerity – till the end of Greeks’ days

Did the Euro Working Group give ultimatum No 2,456,979,579 to Greece to comply with creditors’ additional austerity demands? It is not clear. Some European Commission “unnamed sources” told Reuters “it did”, others say “it did not.” Greek media reported that “Greece had 6 working days to present convincing measures that …

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EWG OKs €2.5bn to Greece, EU official sees €3.8bn program shortfall

A good news and a bad news: the Euro Working Group approved the 2.5 billion euro bailout tranche to Greece. The announcement was made via …Twitter! The Euro Working Group of finance officials has approved the disbursement of a E2.5 billion aid tranche for Greece, European Commission spokesman Simon O΄Connor …

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Greek FimMin: “Deal Was 10 Billion Euro Away”

Greece and its lenders appear to be edging toward a formula that would make the crisis-stricken country’s debt sustainable, with Finance Minister Yannis Stournaras suggesting on Thursday that only 10 billion euros stood in the way of a deal. Technical experts on the Euro Working Group continued to crunch the …

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